Daiichi Sankyo, Namco Bandai, Toyota: Japan Equity Preview

By Norie Kuboyama -
Aug 22, 2011

The following companies may have
unusual price changes in Japanese trading today. Stock symbols
are in parentheses, and share prices are as of the latest close.
The information in each item was released after markets shut
unless stated otherwise.

Daiichi Sankyo Co. (4568 JT): The drugmaker will receive a
grant of 30 billion yen ($391 million) from the Japanese
government to build production facilities for H1N1 influenza
vaccines, according to a statement on its website. The stock
increased 0.7 percent to 1,510 yen.

Matsuya Co. (8237 JT): The department store operator more
than doubled its full-year net income forecast to 4.2 billion
yen from 1.8 billion yen, citing a gain from sale of its fixed
assets. The stock was unchanged at 407 yen.

Namco Bandai Holdings Inc. (7832) (7832 JT) and DeNA Co. (2432
JT): The companies will form a venture in Japan to develop games
for smartphones. Namco Bandai, a toymaker, will own 75 percent
of the company and DeNA the rest, according to a statement.
Namco Bandai slipped 2.3 percent to 939 yen. DeNA, an online
social media site operator, sank 6.2 percent to 3,780 yen.

Nishimatsuya Chain Co. (7545 JT): The apparel retailer said
same-store sales in the month ended Aug. 20 fell 8.7 percent
from the same month a year earlier. The stock tumbled 5.6
percent to 624 yen.

Proto Corp. (4298) (4298 JQ): The provider of information about
new and used cars raised its planned full-year dividend to 85
yen per share from 75 yen. The stock lost 0.8 percent to 2,371
yen.

Right On Co. (7445 JT): The retailer of jeans and casual
wear said same-store sales climbed 10.8 percent in the month
ended Aug. 20 from a year earlier as customer traffic surged.
The stock declined 2.2 percent to 400 yen.

Sagami Chain Co. (9900 JT): The noodle restaurant chain
said in a preliminary earnings statement that its first-half net
loss totaled 370 million yen, narrower than its 420 million yen
loss outlook, because same-store sales are recovering from a
slump after the March 11 earthquake. The stock gained 1.3
percent to 463 yen.

Toyota Motor Corp. (7203) (7203 JT): The world’s biggest carmaker
by market value and Ford Motor Co. (F US) said they plan to
collaborate to develop a hybrid system for pickup trucks and
sport-utility vehicles as U.S. fuel-economy rules tighten.
Toyota lost 2.5 percent to 2,700 yen.

Universe Co. (3078 JT): The supermarket chain said first-
quarter net income rose to 774 million yen from 295 million yen
a year earlier. The retailer raised its first-half net income
outlook 42 percent to 1.34 billion yen. The stock declined 1.3
percent to 1,623 yen.